Tag: Frédéric Bastiat

NEW YORK, NY - JANUARY 13: Health care activists rally down the street from Trump Tower to 'declare healthcare a human right,' near Trump Tower, January 13, 2017 in New York City. The annual National Single-Payer Strategy Conference will be taking place this weekend in New York. (Photo by Drew Angerer/Getty Images)

PINKERTON: The Future of Trumpcare — What Is Seen and What is Not Seen

As we await the debut of the Trump administration’s healthcare policy, perhaps it will be helpful, providing a useful context, if we step back and consider the wisdom of the 19th century free-market economist, Frédéric Bastiat. In 1848, in an essay entitled “What Is Seen and What Is Not Seen,” Bastiat argued that shortsighted people look only at immediate and obvious effects, which could be harmful, while farsighted people look to longer-term and not-so-obvious effects—which could be beneficial.